27 Nov 2020
CHENG MEI LING v. LAM SIU CHOR SHAREN
- Citation
- [2020] HKCFI 2958
- Court
- Court of First Instance
- Case number
- HCA3301/2016
The court found on the facts that the loans were made by the defendant to the plaintiff personally, the Acknowledgement was valid and binding, and the parties agreed a set-off by which the plaintiff transferred her half interest in the property to the defendant in settlement of the HK$1,000,000 debt; the set-off agreement was supported by consideration in the form of effective discharge of the debt by payment in kind and was not void as past consideration; accordingly the plaintiff's claim for HK$1,000,000 failed, the defendant's counterclaims succeeded for repayment of outstanding loans and…